Thread: LIVE Traders - LCG -London Capital Group FX

Originally Posted by ;

Well, my last info I obtained regarding first deposit was 20k per account.

An upgrade.
I received this email today:

Trading on the LCG MetaTrader platform is commission FREE.
There Is Absolutely No minimum funding requirement (there should be sufficient funds to pay your own IMR)

Best Regards
Glen

2nd upgrade.

We consider our FX price feeds out of our Currenex platform which has 16 major banks leading prices.

We pride ourselves which we now have an approachable MT4 dealing desk which has many years experience trading/broking from the products we provide and we believe that our customers benefit form using this expertise in their own trading decisions.

Greatest Speeches
Glen

Anybody trading with those men using MT4?
Are they reliable and serious?

Hi Darth Vader,

Thanks for your update.

Gt;trading on the LCG MetaTrader platform is commission FREE.

Gt ;We take our FX price feeds out of our Currenex platform which has 16 major banks leading prices.

Putting this two together does not make much sense. If there is no commission I guess that they need to add to the spread for the metatrade 4 platform.

Hello M_J

I don't have any doubt they're incorporating the spread.
Have not got the change to test their MT4 demo yet.

There seems that no one is overly enthused with them

cheers

Taking price feeds from currenex doesnt mean jack. They dont say they send your order to currenex banks they say that they receive their pricing from currenex. I could open a chopshop, get my feeds from currenex, then pumped all of the trades and stop hunt your pants off. Marketing slickness is all that's.

Never do MT4 at any broker...

Originally Posted by ;

Hello M_J

that I don't have any doubt they're incorporating the spread.
Have not got the change to test their MT4 demo yet.

There seems that nobody is overly enthusiastic with them

cheers

Hello Darth Vader,

I'm not certain if nobody here's overly passionate about LCG - but it seems to me that there aren't so many people using them who come to such a forum.

I'm really very interested in them - however it seems to me a little harder to get the essential information - in comparison to other brokers who have all plainly on a web-page for easy accessibility.

Originally Posted by ;

Taking price feeds from currenex doesnt mean jack. They dont say they send your order to currenex banks they say that they get their prices from currenex. I could open a chopshop, get my feeds out of currenex, after that bucket all the transactions and stop hunt off your pants. Marketing slickness is all that's.

That's basically what GoMarkets does, however they track the orders into an outside bucket, and I really don't believe that they stop hunt.

Originally Posted by ;

Hi Darth Vader,

I'm not certain if nobody is overly enthused about LCG - but it appears to me that there aren't so many people using those who come to such a forum.

I'm actually quite interested in these - but it appears to me a bit harder to get the essential info - compared to other brokers who've all plainly on a web-page for easy accessibility.

Hello MJ,

I used their currenex platform a month, I have no complaints about LCG. Their liquidity was quite good (I did receive some slippage of about a pip on several stops/market orders), spreads are low, $15 a million commission. I thought that their service could have been better times, but trading wise really good.

Hope that this helps